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2019-01-18 10:40:00

RUSSIA WILL CUT FASTER

RUSSIA WILL CUT FASTER

BLOOMBERG - Russia is aiming to accelerate the pace of oil production cuts after its reductions drew criticism from Saudi Arabia.

"Of course, we will try to make the cuts faster," Energy Minister Alexander Novak told reporters in Belgrade, Serbia. "We have our limitations of a technological nature, yet we will aim to reach the levels we agreed on."

Novak's comments come just days after Saudi Energy Minister Khalid Al-Falih said Russia's production curbs have "started slower…

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Tags: RUSSIA, OPEC, OIL, PRODUCTION

Chronicle:

RUSSIA WILL CUT FASTER
2019, April, 19, 09:15:00

S.KOREA RENEWABLE ENERGY

South Korea's economy has been pushing to shed its heavy reliance on coal and nuclear power, with the latest target coming on top of a 2017 plan to increase the amount of renewables in its energy mix to 20 percent by 2030.

RUSSIA WILL CUT FASTER
2019, April, 19, 09:10:00

UAE GDP WILL UP 4.7%

The International Monetary Fund (IMF), has forecast the UAE’s nominal Gross Domestic Product (GDP) to grow 4.7 percent to AED1.673 trillion in 2019, compared to AED1.589 trillion a year ago.

RUSSIA WILL CUT FASTER
2019, April, 19, 09:05:00

U.S. TRADE DEFICIT $49.4 BLN

the goods and services deficit was $49.4 billion in February, down $1.8 billion from $51.1 billion in January,

RUSSIA WILL CUT FASTER
2019, April, 19, 09:00:00

U.S. RIGS DOWN 10 TO 1,012

BHGE - U.S. Rig Count is down 10 rigs from last week to 1,012, with oil rigs down 8 to 825, gas rigs down 2 to 187, and miscellaneous rigs unchanged at 0. Canada Rig Count unchanged from last week at 66, with oil rigs up 1 to 19 and gas rigs down 1 to 47.

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